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    DAILY MARKET ANALYSIS

    Stay on top of your trading with analyses of the latest market news.

    8 May 2024
    Dollar begins to rebound following last week’s decline

    Key points EUR/USD Stability: After testing the 1.0800 and 200-day moving average, the EUR/USD pair eyes potential declines, marking its first consecutive daily drops since mid-April. GBP/USD Adjustments: The GBP/USD faces downward pressure, slipping below critical moving averages, with potential …

    8 May 2024
    Rate cut rumors keep forex markets on edge

    Key Points: The U.S. dollar regained strength amid renewed bets on upcoming Federal Reserve rate cuts. The yen moved closer to 155 per dollar, maintaining high intervention risks from Japanese authorities. 8th May 2024 – On Wednesday, the U.S. dollar …

    8 May 2024
    MARKETS TODAY: RBA holds rates high as inflation challenges loom

    Key points RBA Interest Rate Hold: The Reserve Bank of Australia keeps rates steady at 4.35%. Global Stock Resilience: Despite challenges, global stocks show enduring strength, partly fueled by corporate earnings. The Reserve Bank of Australia (RBA) has chosen to …

    8 May 2024
    Nikkei faces downturn amid earnings and profit-taking

    Key points The Nikkei share average fell by 1.6% to 38,202.37, erasing previous gains. Corporate earnings and U.S. economic indicators significantly influenced market movements. Japan’s Nikkei share average dipped over 1% on Wednesday, retreating from the multi-week highs observed in …

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